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Taking Stock: Biggest single-day gain, Sensex back above 30K; what should investors do?

After two sessions of steady decline, the bulls managed to push the Indian market above crucial resistance levels on April 7 as signs of progress against the coronavirus in both Europe and the United States lifted sentiment.The Sensex rallied more 2,400 points to reclaim 30,000, while the Nifty50 also reclaimed 8,700 for the first time since March 17.The market recorded its best single day gain in percentage terms s...

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Wall Street jumps at open on coronavirus slowdown hopes

US stocks jumped at the opening bell on Tuesday, as early signs of a slowdown in coronavirus cases in US hot spots raised hopes that sweeping lockdown measures were working.The Dow Jones Industrial Average rose 857.45 points, or 3.78 percent, at the open to 23,537.44.The S&P 500 opened higher by 74.97 points, or 2.81 percent, at 2,738.65, while the Nasdaq Composite gained 216.75 points, or 2.74 percent, to 8,129...

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Bharti Airtel's fund raising substantially mitigates pressure from AGR lawsuit: S&P Global Ratings

Bharti Airtel's recent $3 billion (about Rs 22,600 crore) fund raising has substantially alleviated pressure due to the Adjusted Gross Revenue (AGR) lawsuit, according to S&P Global Ratings.The India-based telecom operator, however, is yet to demonstrate a longer-term and substantive recovery in performance from the protracted weakness in the country's telecom sector, it added.Bharti Airtel ratings has been affi...

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Ideas for Profit | Will Axis Bank weather the COVID-19 storm?

Even before the novel coronavirus, or COVID-19, outbreak led to a market disruption, the Axis Bank stock had underperformed its peer ICICI Bank by a big margin. There was a 48 percent rally in ICICI Bank against a 20 percent rise in Axis Bank in 2019. But can Axis Bank weather the current storm and provide potential returns in the long run?In this episode of Ideas for Profit, Moneycontrol's Sakshi Batra analyses the...

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Gold price hits fresh lifetime high of Rs 44,880 per 10 gram on safe-haven appeal

Gold prices on April 7 extended gains for the third consecutive day to touch a new lifetime high of Rs 44,880 per 10 gram in the Mumbai bullion market on safe-haven appeal and expectations of global stimulus measures to counter the economic damage caused by the coronavirus pandemic.The major gold trading centres in the country have been shut owing to lockdown announced by state governments to prevent the spread of c...

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